Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Vivaldi Capital Management LP

Vivaldi Capital Management LP raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,036 shares of the semiconductor company’s stock after acquiring an additional 71 shares during the period. Vivaldi Capital Management LP’s holdings in Texas Instruments were worth $381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Waters Parkerson & CO. LLC boosted its holdings in Texas Instruments by 5.0% in the 4th quarter. Waters Parkerson & CO. LLC now owns 5,749 shares of the semiconductor company’s stock valued at $1,078,000 after purchasing an additional 275 shares during the last quarter. Texas Bank & Trust Co acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $2,860,000. TrinityPoint Wealth LLC lifted its holdings in shares of Texas Instruments by 130.0% in the 4th quarter. TrinityPoint Wealth LLC now owns 15,155 shares of the semiconductor company’s stock worth $2,842,000 after acquiring an additional 8,565 shares during the last quarter. Tang Capital Management LLC lifted its holdings in shares of Texas Instruments by 56.3% in the 4th quarter. Tang Capital Management LLC now owns 6,568 shares of the semiconductor company’s stock worth $1,232,000 after acquiring an additional 2,366 shares during the last quarter. Finally, Steadfast Capital Management LP lifted its holdings in shares of Texas Instruments by 53.5% in the 4th quarter. Steadfast Capital Management LP now owns 512,300 shares of the semiconductor company’s stock worth $96,061,000 after acquiring an additional 178,500 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TXN shares. DZ Bank upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective on the stock in a report on Friday, April 25th. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Benchmark decreased their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Mizuho set a $170.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $189.41.

Texas Instruments Trading Down 0.1%

Shares of NASDAQ:TXN opened at $188.34 on Tuesday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company’s 50 day moving average is $167.54 and its two-hundred day moving average is $184.17. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market cap of $171.10 billion, a PE ratio of 36.29, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the prior year, the firm posted $1.10 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is 103.23%.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This trade represents a 19.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,065 shares of company stock valued at $59,734,685 in the last ninety days. Insiders own 0.57% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.